SpaceX founder Elon Musk wants to build a “self-sustaining city” on Mars September 27, 2016 SpaceX founder Elon Musk has revealed plans to build a "self-sustaining city" on Mars and make humans a "multi-planetary species" within our lifetimes – and said manned missions to the Red Planet could begin as soon as 2022. Musk unveiled plans for an “interplanetary transport system” to colonise the planet during an address at the [...]
Glass looks half full for Anheuser-Busch InBev’s Megabrew takeover of SABMiller September 27, 2016 The glass is looking half full for Anheuser-Busch InBev’s £79bn takeover of FTSE 100-listed drinks group SABMiller ahead of the final shareholder vote tomorrow. Sources close to the deal, dubbed Megabrew, are confident it will avoid any last minute glitches. Minority investors in SABMiller will vote on the tie-up tomorrow morning at a High Court [...]
Irn Bru maker AG Barr slams sugar tax and announces plans to shed 10 per cent of workforce September 27, 2016 Irn Bru and Rubicon maker AG Barr today announced it will shed 10 per cent of its total workforce in a major company shake-up. The “business-wide reorganisation” will lead to around 90 job losses, which will likely be concentrated in its commercial, supply chain and central operations, by the end of the current financial year. AG [...]
Four things you need to know ahead of tomorrow’s Megabrew vote September 27, 2016 Tomorrow morning, SABMiller shareholders will cast their final votes at a High Court meeting on whether to give the green light to a £79bn takeover from the world’s largest brewer, Anheuser-Busch InBev. If the tie-up has escaped your attention so far, rest assured: you need to know about it. To help you catch up, here [...]
Free from foods set to soar as four in 10 Britons opt for specialised diets, according to Nielsen September 27, 2016 More than 40 per cent of Britons now avoid certain foods and followed specialised eating regimes such as gluten, sugar or hormone-free diets, according to data from Nielsen. Almost half (49 per cent) of people now avoid foods containing antibiotics or hormones, while 45 per cent opt out of eating artificial additives and 42 per [...]
Greater devolution could boost English tourism and encourage more staycations, the Local Government Association has argued September 27, 2016 Greater devolution could help English tourism thrive as it would give local bodies the means to turn their areas into travel hotspots, the Local Government Association (LGA) has said today. Striking more devolution deals to improve regional transport, infrastructure and business support — all key to boosting tourism — could give local groups such as combined [...]
Carnival cruises to highest ever quarterly earnings September 26, 2016 Carnival has cruised its way to its highest ever quarterly earnings and has said it is “well on track” to deliver nearly 25 per cent earnings growth this year. Net income at the Miami-based cruise ship operator reached $1.4bn (£1bn) in the third quarter. Revenues came in at $5.1bn, $0.2bn higher than the same period [...]
Monarch Airlines owner Greybull Capital looks to refinancing deal to help company soar September 26, 2016 The investment firm behind Monarch Airlines is seeking tens of millions of pounds in refinancing for the British airline. Today, Monarch, owned by investment group Greybull Capital, said that security concerns and the devaluation of the pound against the euro resulting from the Brexit vote, had made market conditions tougher. City A.M. understands the purchase of 30 [...]
New flavours and quirky marketing help popcorn burst in popularity as sales rise 14 per cent to £120m September 26, 2016 Innovations in flavours and marketing, as well as snackers acquiring a taste for healthier treats, have pushed popcorn sales up 14 per cent in the last year. Total UK popcorn sales rose to more than £120m in the 52 weeks to 16 July, according to market intelligence group IRI. Both volume and value sales increased, [...]
Bluebird and Le Pont de la Tour owner D&D London restaurant group dishes up best ever profits September 26, 2016 Premium restaurant operator D&D London served up tasty growth last year, despite a troubling second half, and has committed to investing in the UK after the vote for Brexit. The figures Chief executive Des Gunewardena has said the second half of the year "was certainly not a bed of roses", though full-year earnings before interest, tax, depreciation [...]
